CrudefuturesfellforathirddayonWednesdaydespiteabiggerthanexpectedfallinU.S.oilinventoriesreportedbyanindustrygroup,withdoubtslingeringoverOPEC'sabilitytorestrai
Oil held above 49 US dollars as investors looked for signs of the oil supply-cut deal. The fall on Monday showed they were concerned that major oil exporters' output cut deal may not be effective enough.
ThoughU.S.sanctionsonVenezuelanPresidentNicolasMadurowereseenbymanyassymbolic,moreU.S.sanctionstargetingthecountrycouldfollow,expertssaid.TheUnitedStatesonMonda
Oil prices rose to two-month highs on Monday, ending the strongest month of the year for crude futures, boosted in part by threats of US sanctions against Venezuela's oil sector.
Oilpriceshitatwo-monthhighonMonday,liftedbyatighteningU.S.crudemarketandthethreatofsanctionsagainstOPEC-memberVenezuela.U.S.WestTexasIntermediate(WTI)futuresbri
OilpriceswerelittlechangedonFridayaheadofakeymeetingofmajoroilproducingnationsnextweek,sittingbelowthe$50perbarrellevelthatwasbrieflybreachedforthefirsttimein6w
Thisyearmarksthe20thanniversaryofChina-Kazakhstanenergycooperation.Tradeinenergynowaccountsfor30percentofbilateraltradebetweenthetwocountries,saidChineseMiniste
Coralreeffisharemorelikelytoengageinriskybehaviorandbeunabletoidentifypredatorsiftheyswiminwaterscontaminatedwithpetroleum-basedoil,researcherssaidinastudypubli
EcuadorhasbecomethefirstcountrytopubliclyadmititwillnotmeetOpec’sproductioncurbs,sayingitneedstopumpmoreoiltoaddressitsfiscaldeficit.TheSouthAmericancountry’spr
Smallamountsofoilcancausecoralreeffishtoengageinriskybehaviours,accordingtoanewstudy.Researcherslikentheresponsesofoil-exposedfishtobeingintoxicated,andsayitend
ForcartelOPEC--createdin1960withtheaimofsupportingasustainablepriceontheoilmarket--itisinsomewaysaperfectstorm.Stockshavesurgedthankstotherapidemergenceofoilfro
OilmarketsdippedonFriday,pulleddownbyhighfuelinventoriesandimprovingindustryefficiency,butwerestillontrackforasolidweeklygain.BrentcrudefuturesLCOc1,theinternat
OildippedonThursdayonpersistentworriesaboutoversupply,butstrongChineseimportsandsignsthatU.S.storagetanksaregraduallybeingdrainedofferedsomesupporttoprices.Bren
The global investment in energy fell by 12 percent in 2016, while spending on clean energy hit a record high, the International Energy Agency (IEA) said in its report at 22nd World Petroleum Congress on Tuesday.
IraqstarteddrillingthefirstwellintheHuwaizaoilfieldneartheIranianborder,whichmaycontainonebillionbarrelsinreserves,theIraqioilministrysaidonSunday.Thefieldisbei
The global oil market began a new round of dropdown at the end of May with the crude oil prices dropping by 17% during May 24 to June 21 in Europe and America, the lowest in the past 10 months.
Dubai's biggest bank Emirates NBD said Tuesday that non-oil private sector of the United Arab Emirates (UAE), which saw in May its weakest improvement in six months, regained momentum in June though prospects in labour market remained bleak.
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